Economics Multiple Choice Question – 19 May 2018

The home of multiple choice questions for all your KS3, KS4 and KS5 Business Studies, Economics and Accounting requirements.

Demand is price inelastic if a relatively ________ price increase leads to a relatively ________ in the quantity demanded.

Select ONE answer:

  1. small; large increase
  2. small; large decrease
  3. large; small decrease
  4. large; small increase

What is meant by the “Specialisation”?

……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This is multiple choice question is suitable for Economics KS5 classes.

The answer is 3

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